John Cockerill India shares rally over 4% after Tata Steel contract win

The surge in the stock price comes after the company won a contract for the engineering, design, manufacture and supply of a Push-Pull Pickling Line from Tata Steel Limited.

Tata Steel has given John Cockerill India a contract to engineer, design and manufacture a Push-Pull Pickling Line and an Acid Regeneration Plant (ARP) at its Jamshedpur Tinplate Division in Jharkhand. The agreement also includes support for installation and commissioning.

“This order is a testament to Tata Steel’s trust in our advanced technology and strong engineering expertise,” said Frédéric Martin, Managing Director, John Cockerill India Limited. “Our solutions will not only enhance production efficiency but also contribute to Tata Steel’s sustainability goals by reducing waste and environmental impact.”

The new pickling line will have a capacity of 3.5 lakh tonnes per year. It will process strips up to 1,350 mm wide and 3.8 mm thick, running at a speed of 120 metres per minute. The line is designed to handle different strip sizes and steel grades, offering flexibility in operations.

The spray roaster ARP, with a capacity of 2,700 litres per hour, will recycle acid from waste liquor. The system achieves over 99.5% regeneration efficiency, reducing the need for fresh acid and cutting costs, the company said in an exchange filing. It also produces high-purity iron oxide, which can be used in paint and related industries. Emission controls are designed to meet strict environmental standards.

The project will be backed by John Cockerill’s facility in Taloja, near Mumbai, with automation systems developed by its team and components sourced from established suppliers, as per the release from the company.

Commenting on the development, Kishore Tar, Chief Projects & Construction, (Engineering & projects), Tata Steel Limited said, “At Tata Steel, we are committed to advancing sustainable steelmaking and processing practices while enhancing efficiency and quality. This project will help us strengthen operational reliability, reduce environmental impact, and reinforce our leadership in responsible steel production.”

Following the announcement, shares of John Cockerill were trading 2.30% higher at ₹5,173.95 apiece on the BSE at 12:13 PM.

Over the past five trading sessions, the shares rose 15.29%. In the past month, the scrip gained 13.06%. Similarly, the stock surged 83.75% over the last six months.

The stock’s 52-week-high level is ₹6,300, while its 52-week low is ₹2,383. The company’s market capitalisation stands at ₹2,552.85 crore as recorded on the Bombay Stock Exchange (BSE) as on September 19.